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Chinese Yuan Experienced a Record Loss in the last six years

Chinese Yuan Experienced a Record Loss in the last six years

Chinese Yuan has started to lose value after electing Donald J. Trump as the president of the USA yesterday. The main concerns are about the protective international trade expectations of the USA which was declared by Trump. So, the global markets are pricing the concerns after the results of presidential election. After increasing expectations of the United States can follow more protectionist trade policy, Chinese Yuan dropped to the lowest level of last six years. 6,7675 was the closing price level of the parity last night, and today we can see a bit positive trend as recovery on the parity. The parity is trading with the price level of 6,7940 in the middle of today. Recently, Trump was declaring China as the professional of currency manipulation in the world markets. After Trump's election, the tax rates between the USA and Chine trade, are expected to increase in the near future. 

Date: 10 November 2016 Thu 13:26

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